August 21, 2017 / 4:01 AM / a month ago

Italy - Factors to watch on Aug. 21

The following factors could affect Italian markets on Monday.

Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*).

For a complete list of diary events in Italy please click on .

ECONOMY (*) The Italian government will press ahead with the privatisation plan it had put on hold due to the negative conditions on the market and will try to sell in 2018 assets worth some 5 billion euros, Il Messaggero reported on Saturday, citing a source close to the Treasury.

Rome is considering the sale of part of the State’s Mint, Poligrafico dello Stato, worth some 300 million euros, although the greatest attention is towards post group Poste Italiane , the report added. State-lender Cassa Depositi e Prestiti (CDP) could have a role in the plan, it said.

COMPANIES

Bourse After Hours market closed.

INTESA SANPAOLO

A U.S. subsidiary of the Italian bank has agreed to pay $35 million to settle charges it violated U.S. securities laws governing the issuance of American Depositary Receipts, the Securities and Exchange Commission said on Friday.

TELECOM ITALIA, MEDIASET

Telecom Italia (TIM) and Mediaset should seek an agreement to combine the telephone company’s network with the broadcaster’s content, an Italian government official told La Stampa newspaper on Sunday. (*) The comments by the communications undersecretary were welcomed by people working with Vincent Bollore, chairman of France’s Vivendi, which owns 23.9 percent of TIM and 29 percent of Mediaset, La Stampa reported on Monday.

Despite hurdles in Italy, Vivendi has never abandoned the idea of creating a Southern European media powerhouse capable of competing with Fox and Netflix, the report added.

ENEL

Italy’s biggest utility company does not want to be part of a deal in which Open Fiber, which it controls jointly with state-lender Cassa Depositi e Prestiti, joins forces with Telecom Italia for a single broadband network company, La Stampa reported on Saturday without citing its sources.

(*) FIAT CHRYSLER, EXOR

Car maker Great Wall Motor Co Ltd has contacted Fiat Chrysler (FCA) to express interest in buying its Jeep brand, Automotive News reported on Monday, citing an email from Great Wall President Wang Fengying. Great Wall officials were not immediately available for comment. FCA declined to comment.

For Chief Executive Sergio Marchionne and the chairman of Exor, John Elkann, the car business of Fiat Chrysler is far from being “untouchable”, l‘Economia-Corriere della Sera reported on Monday, without elaborating.

(*) BANCO BPM

Italian insurance Cattolica and France’s Covea will compete for the bancassurance business linked to Banco BPM, estimated to be worth around 700 million euros, reported Il Sole 24 Ore on Saturday. Offers will have to be submitted by September 12, the report added.

The higher the amount Banco BPM will be able to cash in on the deal, the more likely its chief executive will be able to convince the market that the lender does not need a capital increase, a separate report by Il Sole 24 Ore said on Saturday.

MAIRE TECNIMONT

The group is one of around five foreign firms that Brazil’s state oil company Petrobras invited to bid to build a new $1 billion natural gas plant. (*) BANCA INTERMOBILIARE

The four funds - Warburg Pincus, JC Flowers, Attestor and Brents Re - interested in Veneto Banca’s stake in private banking group BIM can make offers until August 28, Corriere della Sera reported on Saturday.

JUVENTUS FC

The club said on Friday it signed midfielder Blaise Matuidi from Paris St Germain on a three-year deal for 20 million euros, which may rise by up to 10.5 million based on appearances. (*) Juventus began their pursuit of a seventh successive Serie A title with a 3-0 home win over Cagliari on Saturday after the Sardinians missed a penalty awarded with the help of a video replay.

(*) AS ROMA

Aleksandar Kolarov, making his debut after his move from Manchester City, scored with a crafty free kick under the wall to give AS Roma a 1-0 win at Atalanta in their opening Serie A game of the season on Sunday.

(*) SAFILO

The eyewear maker said on Monday it sealed a distribution agreement for Chile with Valente Eyewear & Trade, in order to broaden its market offer in the country.

K.R. ENERGY

Board meeting on H1 results.

For Italian market data and news, click on codes in brackets:

20 biggest gainers (in percentage)............

20 biggest losers (in percentage).............

FTSE IT allshare index

FTSE Mib index........

FTSE Allstars index...

FTSE Mid Cap index....

Block trades..........

Stories on Italy...... IT-LEN

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